The UAE government has issued a new decree on the reduction of fees for expatriates for the new year 2019 after many people leave to increase living standards and determines the final decision
Under the chairmanship of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE Cabinet has adopted a series of strategic decisions to strengthen the competitiveness of the business environment in the UAE. Ten billion dirhams bank guarantees for the business sector.
According to the UAE News Agency, the new system will allow enterprises to recover nearly 14 billion dirhams, representing the value of the current guarantees paid by employers, which will enable them to invest these amounts optimally in the development of their business.
In this regard, the Council of Ministers has also adopted with respect to the procedures of residence for visitors and residents of the State, where it adopted a system to grant temporary residence without fees for six months for offenders seeking work, in addition to exempting transit tourists from all fees for the first 48 hours.
The Cabinet approved a new legislative facilities package that includes legislation to revise the current residency system to extend the period of residence for the sponsored parents of their sons and daughters after completing their university studies for two years to facilitate the students and their families and give them the opportunity to study their future practical options.
In a new initiative to implement a new mechanism to reduce electricity tariffs for the industrial sector starting from the fourth quarter of this year 2019 in order to support this vital sector and encourage investment in it, and achieve sustainable growth at the same time by reducing dependence on non-environmentally friendly energy sources such as liquid fuels And develop a plan to accommodate future generating capacities of new plants.
The large factories will be supported by directing the Federal Electricity and Water Authority to reduce electricity charges by 29%, supporting small and medium-sized factories by reducing electricity fees by 10% to 22%, in addition to eliminating the connection fees for new factories, and charging a simple usage fee for the network is not a burden. The total number of industrial consumers, which currently stands at 2%, will increase to a higher percentage in the coming years.
In the same context, the Council of Ministers adopted within the facilitation package a decision to grant violators the time to leave voluntarily and amend the residence status without stamping passport by denying future visit in addition to not obliging to leave the state to modify the status of arrivals for visit or tourism.
The UAE news agency also gave details of a new law granting long-term visas to expatriates in the UAE.
The UAE Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, announced on Sunday, via Twitter, "the adoption of a law" allowing expatriate brothers to stay long-term after retirement. The UAE law legally "grants visa privileges to people over the age of 55 allowing long-term residence in the country."
The new facilities aim to provide long-term residence options and a suitable environment for retirees and those wishing to reside on the land of the state for prosperity and investment through a stable and high-quality financial and health system. The law provides for special 5-year residency privileges automatically renewed for retired expatriates from the age of 55. And above on specific conditions. ”
The conditions stipulate that `` the pensioner has an investment in a property worth two million dirhams, or his financial savings of not less than one million dirhams or proof of income of at least twenty thousand dirhams per month to be implemented at the beginning of 2019. ''
We also publish residency fees for expatriates, which is AED 100 local fees, AED 10 bank fees, AED 10 management fees, AED 10 knowledge fees, AED 20 delivery fees for Zajil service, and classification of fees required in case the sponsor delays the renewal of the sponsored residence. The fine will be calculated thirty days after the expiry date of the stay.